ADLER & ADLER, PLLC
1180 6th Avenue, 8th Floor, New York, NY 10036
Probate and Estate Administration
If you’ve recently lost a loved one, or are helping someone who has, we know this is a challenging time. We are here to help you with estate administration, New York probate and the inheritance process.
Step 1 - Initial consultation -- Our estate administration process begins with a no-fee Initial Telephone Consultation. When a loved one passes away, it is important that the fiduciary (Executor, Administrator or Trustee) seek legal counsel for guidance through the estate settlement process. Call us today at 212-843-4059 or text at 646-946-8327.
Step 2 - Fact finding stage -- We assist you, the fiduciary (Executor, Administrator or Trustee), in gathering the information we need for the preparation of various documents required for the administration of the estate or trust of the deceased.
Step 3 - Opening the Estate -- We will prepare and explain the necessary documents the Executor, Administrator and/or Trustee needs in order to acquire the legal authority to act as fiduciary. If the deceased individual died without a Will, we will file an administration proceeding in the applicable New York Surrogate's Court. If the deceased individual died with a Will, we will file a probate proceeding in the applicable New York State Surrogate's Court
Step 4 -- Managing the Estate -- Executors and Administrators are responsible for protecting all estate property until debts and taxes are paid. In general, Executors and Administrators have three responsibilities: (1) Collect, inventory, and appraise all the assets of the estate, (2) Pay the bills, taxes, estate expenses, and creditors of the decedent, and (3) Transfer property to the beneficiaries according to the Will or, if there is no Will, then according to the New York State laws of intestacy.
Step 5 -- Settling the Estate. The final step of the process, the distribution of assets, occurs after the executor or administrator files an accounting with the court showing the inventory, value of assets and all money paid out of the estate up to that point. Once the court approves the accounting, the executor or administrator may distribute the remaining assets of the estate to the beneficiaries.
What will it cost?
There is no charge for a brief initial telephone consultation. We handle probate and estate administration matters on an hourly basis.
Who are our typical clients?
We handle estate administration and probate matters across the entire spectrum of net worth.